Despicable Behavior Exhibited in Public Setting - "Outspoken" and "offensive": Musk fiercely condemns Trump's tax policy
Breaking Down the Big Beautiful Bill
The billionaire CEO of Tesla and SpaceX, Elon Musk, has laid into Donald Trump's tax proposals, labeling them "disgraceful" and "stuffed with pork." Warning that citizens would bear the brunt of "crushing" debt, Musk slammed the bill, officially named the "Big Beautiful Bill" by Trump.
Musk had previously voiced "disappointment" with the bill's proposal, criticizing its potential to exacerbate US national debt. Following a resignation from his advisory position last month, he has now intensified his criticism.
Plans for the bill aim to extend the tax cuts from Trump's first term, set to expire at the end of the year. To offset this, drastic Medicaid cuts are proposed, targeting low-income and older individuals. Estimates suggest the controversial bill could increase the federal budget deficit by up to $3 trillion over the next decade.
Responding to Musk's criticism, White House spokeswoman Karoline Leavitt expressed that it would not impact Trump's support for the bill. House of Representatives Speaker Mike Johnson labeled Musk's remarks as "disappointing."
Elon Musk: From Trump's Right-Hand Man to Outspoken Critic
Musk, who served as Trump's advisor, was once a close ally. He worked alongside Trump in the White House, on Air Force One, and at Trump's Mar-a-Lago residence. Yet, Musk's frustrations with his role in the US government have grown, particularly after failing to achieve his goal of saving $2 trillion in bureaucracy through the Doge, a government department for state efficiency created by Trump.
With Tesla facing significant revenue losses and SpaceX's ninth test flight of the giant Starship rocket unsuccessful, Musk aims to focus more on his companies, leaving behind the political arena.
Here's a glance at the key players and issues:
- Elon Musk
- Donald Trump
- US President
- Tax Proposals
- SpaceX
- US Senate
- CEO
- Elon Musk, once a close ally of US President Donald Trump, has now become an outspoken critic, labeling Trump's tax proposals as "disgraceful" and "stuffed with pork."
- As the controversial tax bill, dubbed the "Big Beautiful Bill," aims to extend tax cuts and offset the costs with drastic Medicaid cuts, it is estimated to increase the federal budget deficit by up to $3 trillion over the next decade.
- In the business and policy-and-legislation sphere, the criticisms of this bill extend beyond Musk, with the White House spokeswoman Karoline Leavitt and House of Representatives Speaker Mike Johnson also commenting on the controversy surrounding the tax proposals.
